Hubi@feddit.de to Technology@lemmy.worldEnglish · 1 year agoUsage Of Elon Musk’s X Dropped 30% In The Last Year, Study Suggestswww.forbes.comexternal-linkmessage-square123fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkUsage Of Elon Musk’s X Dropped 30% In The Last Year, Study Suggestswww.forbes.comHubi@feddit.de to Technology@lemmy.worldEnglish · 1 year agomessage-square123fedilink
minus-squaredragontamer@lemmy.worldlinkfedilinkEnglisharrow-up0·edit-21 year agoTwitter has 1.3 Billion / in interest payments alone as it took on $13,000,000,000 in debt for the honor of being bought out by Elon Musk. The owners of that debt have been quaking in their boots all last year. As Bankruptcy proceedings would make them the new owner of Twitter. Note that Twitter made $5 Billion on its best year, and that’s likely halfed or worse.
Twitter has 1.3 Billion / in interest payments alone as it took on $13,000,000,000 in debt for the honor of being bought out by Elon Musk.
The owners of that debt have been quaking in their boots all last year. As Bankruptcy proceedings would make them the new owner of Twitter.
Note that Twitter made $5 Billion on its best year, and that’s likely halfed or worse.